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523 PARK PLACE DR Cherry Hill, NJ 08002
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Key Details
Sold Price $295,000
Property Type Single Family Home
Sub Type Unit/Flat/Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 1,312 sqft
Price per Sqft $224
Subdivision Park Place
MLS Listing ID NJCD2085552
Sold Date 02/21/25
Style Contemporary
Bedrooms 2
Full Baths 2
HOA Fees $313/mo
HOA Y/N Y
Abv Grd Liv Area 1,312
Originating Board BRIGHT
Year Built 1986
Annual Tax Amount $5,559
Tax Year 2024
Lot Size 2,047 Sqft
Acres 0.05
Lot Dimensions 0.00 x 0.00
Property Sub-Type Unit/Flat/Apartment
Property Description
This tenant-occupied, cash-flowing 2-bed, 2-bath condo in the high-demand Park Place community is a prime investment opportunity. Currently rented at $2,500/month, it offers immediate income with a stable tenant in place. Featuring a modern kitchen, luxury vinyl flooring, and a first-floor bedroom with an attached bath and balcony, the unit is well-maintained and move-in ready.
With an assumable mortgage, HOA at $313/month ($3,756 annually), taxes at $468.50/month ($5,622 annually), and insurance at just $326/year, carrying costs are low and predictable. The Park Place community offers desirable amenities like a pool, tennis courts, and clubhouse, making it a high-demand rental location.
Located near major highways, shopping, and employers, this turnkey property delivers consistent rental income, strong ROI, and long-term appreciation. Lock in this passive income opportunity today!
Location
State NJ
County Camden
Area Cherry Hill Twp (20409)
Zoning RESIDENTIAL
Rooms
Main Level Bedrooms 2
Interior
Interior Features Skylight(s), Ceiling Fan(s), Breakfast Area, Floor Plan - Traditional, Kitchen - Eat-In
Hot Water Natural Gas
Heating Forced Air
Cooling Central A/C
Flooring Fully Carpeted, Tile/Brick, Marble
Equipment Energy Efficient Appliances
Fireplace N
Appliance Energy Efficient Appliances
Heat Source Electric
Exterior
Exterior Feature Deck(s), Balcony
Amenities Available Tennis Courts, Swimming Pool, Club House
Water Access N
Roof Type Shingle
Accessibility Level Entry - Main
Porch Deck(s), Balcony
Garage N
Building
Story 2
Unit Features Garden 1 - 4 Floors
Sewer Public Sewer
Water Public
Architectural Style Contemporary
Level or Stories 2
Additional Building Above Grade, Below Grade
Structure Type Cathedral Ceilings
New Construction N
Schools
School District Cherry Hill Township Public Schools
Others
Pets Allowed Y
HOA Fee Include All Ground Fee,Ext Bldg Maint,Insurance,Lawn Maintenance,Management,Snow Removal,Trash
Senior Community No
Tax ID 09-00052 01-00001-C0523
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Negotiable
Listing Terms Negotiable
Financing Negotiable
Special Listing Condition Standard
Pets Allowed Case by Case Basis
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Bought with Zoya Gul • EXP Realty, LLC